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Jan 21, 2013
01/13
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piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you will see taken piece by piece. the easiest one to accomplish will be those that come forward the fastest, and the same for immigration reform. there is a lot that could be done and a comprehensive approach, but i think you will see that come down to the very bare minimum that both sides are able to agree on. >> let me follow up with a vote that will happen on wednesday. that will give another three months and the extension of the debt limit. weird is that position? why delay that for three months? where does that put them in march and april? >> this is an acknowledgement that they have lost
piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you...
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Jan 19, 2013
01/13
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CSPAN
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they should do the debt ceiling for a whole year. host: so ella, hole on we have a statement from the press secretary saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the same thing over again. they want it for a whole year. not this three-month extension. host: jeff this morning off twitter said this is a reasonable offer if the democrats do not accept it he adds nice play, g.o.p. host: republican line? caller: yes, there are two features on this proposed legislative action. they have different levels of support for me. i do support the concept of withholding pay for not having a budget. i mean, not only should the federal government have a law regarding that but i think each individual state should enact a leg
they should do the debt ceiling for a whole year. host: so ella, hole on we have a statement from the press secretary saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the...
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Jan 16, 2013
01/13
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one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move the last minute further out. if these guys need three to six months to do it up right and get a compromise. i'm willing to give them four to six months extra time. >> settling a debt ceiling issue is in the interest of the president and of our country. you have today fitch came out and threatened to decrease the credit rating and they are doing it in a way that areckless because you have outside observers looking at us and i want to highlight a point you made earlier which is the fact that all spending bills are in the constitution. we are looki
one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to move...
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treasury secretary timothy geithner says that the us debt ceiling could arrive in mid february which would then lead to a sovereign default and raising the bar and limit could also be an issue with the republican party continues to strictly oppose any additional spending but just last december congress struggled to find a compromise to avoid an automatic tax hike and the implementation of cuts called the fiscal cliff. are just a couple of minutes on the abby martin zooming in on the u.s. treasuries new boss and how the media has been distracting attention from the real problems ahead. obama's chief of staff jack lew is moving on up. and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on all federal reserve notes dollar bills issued during his tenure here is jack lew's signature it really is and here is what jack lew's signature would look like on a dollar bill ha ha ha ha yes according to corporate media the biggest dirt on mr lewis is a u b
treasury secretary timothy geithner says that the us debt ceiling could arrive in mid february which would then lead to a sovereign default and raising the bar and limit could also be an issue with the republican party continues to strictly oppose any additional spending but just last december congress struggled to find a compromise to avoid an automatic tax hike and the implementation of cuts called the fiscal cliff. are just a couple of minutes on the abby martin zooming in on the u.s....
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Jan 18, 2013
01/13
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FBC
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i see a constant political battle, every year there will be a deb debt ceiling crisis. neil: what do you think of the president? >> you know you can't have a dictate adictatorship, you havea bad blow up in financial markets. neil: is that coming? >> i do think so, a blame bernanke more than anybody else for the mess, when he said you can borrow money for 3 years to pay federal deficit at 30 basis points that is a rounding error to congress ha is zero, why is anyone going to stand up to social insurance, military industrial complex, the subsidies this bill, 60 billion boondoggle they passed for relief, who'll stand up to that stuff, when the great man, and said i'll take care of it, i'll keep interest at rock bottom. i'll print the money, i'll buy the bond. until we have a house cleaning in the fed, until we get rid of these loon ticks who want to have interest rates at zie zero nothing is going to happen on the budget. neil: all right, well, you have hit my appetite. but, good stuff to think about. david stockman. one of the smartest budget guys i have ever known, but i
i see a constant political battle, every year there will be a deb debt ceiling crisis. neil: what do you think of the president? >> you know you can't have a dictate adictatorship, you havea bad blow up in financial markets. neil: is that coming? >> i do think so, a blame bernanke more than anybody else for the mess, when he said you can borrow money for 3 years to pay federal deficit at 30 basis points that is a rounding error to congress ha is zero, why is anyone going to stand up...
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Jan 19, 2013
01/13
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does the debt ceiling still have a practical purpose? could it be eliminated without much consequence? >> it has got symbolic value. maybe one or two other countries, but essentially no other countries and the world have this particular institution. the congress appropriates $100, tells the government to spend $100 on whatever, and then it raises $80 in revenue through its tax code. the arithmetic here says, you have to borrow $20. no, congress has to give a third 100-80 = says the 180at 20. logically, there is got to be something to make up the difference. the way to address it is by having a sensible plan for spending, insensible span foplar revenue. as i was saying before, this is like a family saying, we're spending too much. let's stop paying our credit card bill. that is not the way to get yourself in good financial condition. it would be a good thing if we did not have it. i did nothing that is going to happen. -- i do not think that is going to happen. i hope congress will allow the government to pay its bills, not raise the poss
does the debt ceiling still have a practical purpose? could it be eliminated without much consequence? >> it has got symbolic value. maybe one or two other countries, but essentially no other countries and the world have this particular institution. the congress appropriates $100, tells the government to spend $100 on whatever, and then it raises $80 in revenue through its tax code. the arithmetic here says, you have to borrow $20. no, congress has to give a third 100-80 = says the 180at...
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Jan 23, 2013
01/13
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. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmick and said a 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling after a strategy session last week. worried that they have lost the public debate, republicans were clearly trying out a new message today. >> balancing the budget over the next ten years means we save the future for our kids and our grandkids. it also means th
. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmick...
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Jan 18, 2013
01/13
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MSNBC
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ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the economy, if he wants to get more robust economic growth, does he not want to be more proactive about dealing with some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does he not want to take advantage of the power he has to try to advance this, to get more robust economic growth independent of his misgivings about his partners here on capitol hill. >> chuck, i think it's fair to say that harry reid was somewhat marginalized during negotiation
ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the...
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Jan 16, 2013
01/13
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debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stopped worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment thinking. kevin in washington, kevin. >> caller: booyah, mr. brilliant one. a quick question. you know, with the higher cost of foods and energy, and the lower incomes we're all expecting, the average working person, do you think we can return to the dependence on our credit cards? if we are, is master card a good buy? >> i like master card, my charitable trust owns it, ebay, that stock soaring in afterhours. master card is a paper to plastic worldwide trend, not so much we get hooked in debt or not. and i'v
debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stopped worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment...
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Jan 16, 2013
01/13
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CURRENT
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a bill that would repeal the debt ceiling altogether. it is an idea supported publicly by alan greenspan and times man of the year last year, ben bernanke. it is an idea that could prevent lawmakers from lurching our country from one crisis to the next just to ring out some short-term gain until another republican sits in the oval office. that's why it's probably an idea that this congress has no chance of making law. but joining me now is one of the sponsors of the bill to repeal the debt ceiling altogether, democratic congressman from vermont and a member of the committee on house oversight and government reform, representative peter welch. sir, thank you so much for joining us tonight. >> good to be with you. >> john: right on. let me ask you just for starters, why does the debt ceiling exist in the first place. does it serve any function? >> it doesn't. essentially, the one function it does serve is members of congress can be hypocritical. they can vote for spending. and then pretend a year later when the bill comes due that they don
a bill that would repeal the debt ceiling altogether. it is an idea supported publicly by alan greenspan and times man of the year last year, ben bernanke. it is an idea that could prevent lawmakers from lurching our country from one crisis to the next just to ring out some short-term gain until another republican sits in the oval office. that's why it's probably an idea that this congress has no chance of making law. but joining me now is one of the sponsors of the bill to repeal the debt...
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Jan 21, 2013
01/13
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FBC
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obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea for two reasons. senators have not been doing democratic leaders have not been doing their job for a long time. they should not get paid
obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies...
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Jan 22, 2013
01/13
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FBC
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ceiling increase for the remainder of this year. we want to give the president senate democrats an opportunity to work with us but house republicans are committed to addressing the spending issues straight up in the next three months, three and a half months and get the job done. cheryl: a look at your voting record and you voted no on the fiscal cliff despite the fact the fiscal cliff deal past and here we are now. chuck schumer already speaking out on the democratic side saying we will look at this, but we're also going to want to increase taxes. that was a flat-ou flat out linm senator schumer. will the senate rain on this parade? >> the senate reins in every parade everyday. that is not an earth flash there. i voted against raising taxes on any americans for the majority in the house and the senate and the president said some taxes have to go up. i disagreed with that. i didn't think the leadership was going to be in any mood, i know the rank-and-file will not be in any mood to raise taxes. doesn't mean we can't raise some reven
ceiling increase for the remainder of this year. we want to give the president senate democrats an opportunity to work with us but house republicans are committed to addressing the spending issues straight up in the next three months, three and a half months and get the job done. cheryl: a look at your voting record and you voted no on the fiscal cliff despite the fact the fiscal cliff deal past and here we are now. chuck schumer already speaking out on the democratic side saying we will look...
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Jan 17, 2013
01/13
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CNBC
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debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying that all three of threes issues were and are worthy of worry and i told people to stay the course, like he could care. he said, again, what washington horror story are you going to gin up, cramer? and i said impact on spending of higher taxes, coming affordable care act, instead i said wisely no, that's it. maybe it would be good if you focused on the stock market again. ouch! but it did get me thinking. we have seen bank stocks go higher, today, last week, putting washington behind them. and it didn't look like the bank killing dodd frank had much impact on goldman sachs or jp morgan. high-end retails rally, and it incurred, and we keep acting as it has, and no cessation of home buying according to lennar, and the sandy bailout will kick in by the end of the second quarter, home depot will fly. we're through two of the was
debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying that all three of threes issues were and are worthy of worry and i told people to stay the course, like he could care. he said, again, what washington horror story are you going to gin up, cramer? and i said impact on spending of higher taxes, coming affordable care act, instead i said wisely no, that's it. maybe it...
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Jan 15, 2013
01/13
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CSPAN2
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ceiling of the table for the next four years of bitter debate entitlement reform package. what do you need to see for young colleagues on the democratic side to say a right to engage in the conversations that the other side is insisting on with entitlement. >> first of all, we have to take the debt ceiling off the table for a considerable time. secondly, regarding entitlement reform, let's take medicare. there have been two changes in terms of medicare and its future. number one is that the rate of health care growth has been diminished in the rate of medicare cost increase. but it's also been diminished. that's the first consequence of the first events of the last three years. secondly, we have health care reform, which i think has accelerated to two munition and help your cost increase. what i think we need to do in terms of medicare is for both parties in both houses and the white house to sit down and have a serious discussion about how we continue to get ahold of medicare and other health care costs. we really need to do that. the social security, we have to have the
ceiling of the table for the next four years of bitter debate entitlement reform package. what do you need to see for young colleagues on the democratic side to say a right to engage in the conversations that the other side is insisting on with entitlement. >> first of all, we have to take the debt ceiling off the table for a considerable time. secondly, regarding entitlement reform, let's take medicare. there have been two changes in terms of medicare and its future. number one is that...
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Jan 23, 2013
01/13
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KGO
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, regarding the debt ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today? >> it was interesting. i thought the same thing when they issued the spare spay day -- they issued the "spare the air" day, but the cold air could be locked in the valley and they are afraid the air will not vent if you have a fire it could create issues. no one burning wood today, mid-50's to low 60's with rain to the north, showers to the south and you can see the steady rain to the north right now and showers to our south where it will be in the low-to-upper 70's around san diego and los angeles and palm springs. >> we have word of a bart dela
, regarding the debt ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today?...
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Jan 20, 2013
01/13
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WBAL
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the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of months, that is offering that to the president. frankly, and russ say agree with me here, i don'
the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the...
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Jan 15, 2013
01/13
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many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at traffic on 880 westbound as you head to the mcarthur maze. if you are driving there, it is cold but visibility is good if you could think of the silverling. for most of the area, the bay bridge toll plaza looks good. if you are driving in downtown san jose it looks nice. 4:45 let's go to steve. >>> another cold one out there, i tell you this is a long stretch, 1990, 1997 and we had some very cold weather. it is really only two days. cold frosty conditions, there is frost and freeze warning out overnight lows anywhere from 20 to 40 and we have a few high clouds coming down out of idaho and northern nevada and it is tough to bulging this and unless you get a pattern change this time of year that, cold air settles in and it is tough to move around. we do have these clouds and temperatures are already in the 20s for some, walnut creek is in there. i just heard from brandon in pacifica, 36, now that is cold. novato 30, napa 30,
many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at traffic on 880 westbound as you head to the mcarthur maze. if you are driving there, it is cold but visibility is good if you could think of the silverling. for most of the area, the bay bridge toll plaza looks good. if you are driving in downtown san jose it looks nice. 4:45 let's go to steve. >>> another...
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Jan 21, 2013
01/13
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CNBC
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what does the gop look like for the next four years and how does it debt ceiling fit into that? >> i don't think republicans have any clear idea whatsoever of who or what ideas they'll be forward. there will a lot of soul searching going on. their idea is to find a sannish republican. that's why there's a lot of focus on ted cruz for 2016, a member of the senate. and i think they will get there eventually. but i think the real thing for investors is you can try ask play the macro picture, but don't do it without paying attention to the micropicture. the micropicture is good in the u.s. >> but you know what's interesting, in talking about the gop strategy, it sounds like they think they can solve their ills by finding the right presidential candidate. >> i agree. >> is that papering over the long wrong? >> in the end, it comes down to a place where the u.s. has become a place where more people are beneficiaries of state than not. therefore, this old american idea that, you know, the freedom of the individual against the state has to win isn't playing with the general public. most
what does the gop look like for the next four years and how does it debt ceiling fit into that? >> i don't think republicans have any clear idea whatsoever of who or what ideas they'll be forward. there will a lot of soul searching going on. their idea is to find a sannish republican. that's why there's a lot of focus on ted cruz for 2016, a member of the senate. and i think they will get there eventually. but i think the real thing for investors is you can try ask play the macro picture,...
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Jan 16, 2013
01/13
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FBC
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we're 29 days away from the debt ceiling d-day. ashley: we are. tracy: will be valentine's day actually. ashley: not pretty though. as you just said, tracy, less than a month away from hitting the debt ceiling. while several ideas have been floated to address it our next guest says it is time to skip the gimmicks to reach a long-term solution. wouldn't that be nice. tracy: imagine. ashley: maya mcginn necessary, committee for responsible budget and head of the campaign to fix the debt. maya, democrats came out with a new plan to eliminate the federal debt ceiling. tim geithner thinks we should eliminate it. ben bernanke thinks we should eliminate it. moody's a while ago why are we using a debt ceiling because we're one of the few countries left in the world that does. we have a debt ceiling but look at the debt problem we're in. what good is it? >> well, i think as it stands right now the debt ceiling is one of the only reminders that's there to push action. if we take a step back, think about how we should actually deal with this, which is there
we're 29 days away from the debt ceiling d-day. ashley: we are. tracy: will be valentine's day actually. ashley: not pretty though. as you just said, tracy, less than a month away from hitting the debt ceiling. while several ideas have been floated to address it our next guest says it is time to skip the gimmicks to reach a long-term solution. wouldn't that be nice. tracy: imagine. ashley: maya mcginn necessary, committee for responsible budget and head of the campaign to fix the debt. maya,...
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Jan 16, 2013
01/13
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FBC
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the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it was raised seven tiles during the second bush administration with no great debate. but now it is being used as blackmail and could wreck the entire american economy if we don't --. david: hold on a second, congressman. 2002, june 2002 two, in november, 2004 and november 2006, guess who voted against raising the debt ceiling. jerry nadler, member of congress. what has changed. why were you against, in favor of keeping debt ceiling restraint then and not so now. >> it because it was meaningless gesture frankly. when you had a republican president and republican congress minority demagogued and said we'll vote against it knowing perfectly well it would pass. no one ever seriously tried to have it not pass. and when ever, we were in the majority, we, democrats we pa
the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it was raised seven tiles during the second bush administration with no great debate. but now it is being used as blackmail and could wreck the entire american economy if we...
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Jan 22, 2013
01/13
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CNNW
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ceiling negotiations over a year ago. the president has learned to kind of go to joe biden, who has had 36 years of experience on capitol hill, after all, to close the deal. he does have those relationships. that's why mitch mcconnell, the senate republican leader, picked up the phone and said, does anyone around here know how to cut a deal? and it's as important as the vice president said, he speaks for the president. >> the closer, as you call him. >> that's right. the closer. >> good work. >> we'll see how much he'll be depending on him in this second term. >> we'll see. we'll see. joe biden hopes a lot. >> no kidding, exactly. >>> still ahead, other news. new details of a college campus shooting and the trainsiing tha just took place. using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. ...so as you can see, gei
ceiling negotiations over a year ago. the president has learned to kind of go to joe biden, who has had 36 years of experience on capitol hill, after all, to close the deal. he does have those relationships. that's why mitch mcconnell, the senate republican leader, picked up the phone and said, does anyone around here know how to cut a deal? and it's as important as the vice president said, he speaks for the president. >> the closer, as you call him. >> that's right. the closer....
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Jan 17, 2013
01/13
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this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. premiums will lik
this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real...
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Jan 20, 2013
01/13
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WJLA
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they tried to force the issue using the debt ceiling in 2011, the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending. the government spendinis spendiding us into penury. but it faed because you cannot govern froone house of t congress. that is the truth. i wrote a column this morning ying essentially you have to recognize you cannot use these things because, in the end, you will be humiliated. ratings will be low, d you will not get the spending ts anyways. i think that adds some realism. certainly, i do not think the republic house is going to want to go over the cliff. >> let's think about what happened. the president has gone from dealing with the big problem that faces t whole country, to try to destroy the republican party. this is exactly what the public does not want. we are turning to small petty brinksmanship. let's see if we can crush the republican par. he has giv up on a larger and re noble goal. >> i am not going to say who iss right or wrong in the negotiations, they were very close. but the reason the grand bargain h
they tried to force the issue using the debt ceiling in 2011, the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending. the government spendinis spendiding us into penury. but it faed because you cannot govern froone house of t congress. that is the truth. i wrote a column this morning ying essentially you have to recognize you cannot use these things because, in the end, you will be humiliated. ratings will be low, d you will not get the spending ts...
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Jan 20, 2013
01/13
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. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the united states could lose their aaa rating? yes-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the
. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the united states could lose their aaa rating? yes-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the...
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Jan 23, 2013
01/13
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FBC
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the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of this command of one to you what you have to say. apparently the senate will okay this idea that it won't get paid if they don't create a budget. that's not really true. they will get paid, but the money will go into an account somewhere and be held for a while. they eventually will be paid. the end of the day and don't really see any bodies and getting smacked. >> well, the money will be held until the very end of 2014, the end of this congress. another thing people wanted paychecks held for 20 months. at think this is the only thing that got their attention. to
the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of...
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Jan 23, 2013
01/13
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you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to save lives and called on house republicans to re-authorize it immediately. the bill was up for consideration last year but blocked in the house by republican leadership. this is half an hour. >> good afternoon, everyone. this is a very special occasion for us to come together around a piece of legislation that strikes to the heart of our families and our country. i'm pleased to be here with democratic whip steny hire, ranking member conyers of the judiciary committee. congresswoman gwen moore, the author of the violence against women act and louise slaughter. congresswoman slaughter was one of
you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to...
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Jan 15, 2013
01/13
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CNNW
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. >> so would it be better if we didn't have a debt ceiling at all? >> yeah, absolutely it would. this is a silly thing which ought to happen automatically because our debt is going to grow along with our economy from year to year. especially it's going to grow in times when we need to spend a little more to juice our economy. but you know, bernanke has very little credibility with the republican party because republican leadership last year actually sent letters to him saying stop with your quantitative easing and your other extraordinary measures to juice this economy. they're already angry at him, so him saying we should from the debt ceiling is not going to do anything in congress. >> part of the problem is the debt seems to go up and good times and bad times and no one ever seems to have the courage to cut it, but it's a very bipartisan thing in terms of raising it. 76 times it's been raised since 1962. and the number one president in terms of raising it, the winner is ronald reagan at 17 times. that might shock people who like to see him as the paragon of responsible spendin
. >> so would it be better if we didn't have a debt ceiling at all? >> yeah, absolutely it would. this is a silly thing which ought to happen automatically because our debt is going to grow along with our economy from year to year. especially it's going to grow in times when we need to spend a little more to juice our economy. but you know, bernanke has very little credibility with the republican party because republican leadership last year actually sent letters to him saying stop...
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Jan 17, 2013
01/13
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. >>> just a few hours ago paul ryan claimed to have the solution to our debt ceiling impasse. he calls it a short-term debt limit extension. you may know it better as kicking the can down the road. which reminds me, there was someone just a few months ago who was famously against that kind of a deal. who was it? >> kick the can. kick the can. kick the can. >> right, of course. that's who it was. joining us is jonathan alter and jared bernstein. welcome to you both. john, we've seen speaker boehner's power getting weaker and weaker. is paul ryan now the de facto head of the gop? >> well, you know, actually, martin, i think he has been much more influential than people realize -- >> because he's been quite quiet publicly. >> going back to 2011. he has so much respect within that republican caucus. he's the guy who killed simpson/bowl simpson/bowles. he was on the simpson/bowles commission and wasn't willing to have any revenue increases. his fingerprints were not on it. and then when it came to the grand bargain, he told john boehner wait until the election. don't do this deal.
. >>> just a few hours ago paul ryan claimed to have the solution to our debt ceiling impasse. he calls it a short-term debt limit extension. you may know it better as kicking the can down the road. which reminds me, there was someone just a few months ago who was famously against that kind of a deal. who was it? >> kick the can. kick the can. kick the can. >> right, of course. that's who it was. joining us is jonathan alter and jared bernstein. welcome to you both. john,...
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Jan 16, 2013
01/13
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will hit the so-called debt ceiling late next month. >> tom: 2012 was one for the weather record books. it was the ninth hottest year on earth, based on records going back to 1880, according to nasa. the trend of rising temperatures always brings up a debate over climate change, but it's been four years since congress tried to tackle the issue. darren gersh reports from washington. >> reporter: it was not just the united staá?:háhat sweltered through last summer. nasaonfirms 2012 was one of the hottest years on record for the entire globe. 2012 was one degree warmer than normal for the 20th century, and, compared to records dating back to 1880, the globe has warmed by 1.4 degrees. nasa scientists also believe the warming trend is accelerating, just as analysts see the political will for climate change hitting new lows. but that doesn't mean the issue has gone away; it's just taking a different form. for example, the house or representatives debated relief from superstorm sandy today. ergy analyst kevibook expects governments will increasingly be forced to spend money to mitigate or a
will hit the so-called debt ceiling late next month. >> tom: 2012 was one for the weather record books. it was the ninth hottest year on earth, based on records going back to 1880, according to nasa. the trend of rising temperatures always brings up a debate over climate change, but it's been four years since congress tried to tackle the issue. darren gersh reports from washington. >> reporter: it was not just the united staá?:háhat sweltered through last summer. nasaonfirms 2012...
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Jan 18, 2013
01/13
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FBC
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they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republicans should agree to raise the debt ceiling because having to raise it is the result of appropriations already passed and signed into law. back to you. melissa: thanks so much. ashley: here with reaction to the gop when it peter welch. thank you for joining us. you say, look, republicans are making it an "economic weapon of mass distraction." do they get is a continuation of that? >> it is actually progress for the republican confidence, but it is not progress for the country. that tack tick is not one that they can hold onto because they know it will plunge this country into a deeper recession. they have been -- it is a way to say they are avoiding. ashley: it really is not addressing the issue, though, what will it take to get that in place. i know that you, of course, have been leading the charge to have the president to prevent the country from defaulting.
they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republicans should agree to raise the debt ceiling because having to raise it is the result of appropriations already passed and signed into law. back to you. melissa: thanks so much. ashley: here with reaction to the gop when it peter welch. thank you for joining us. you say, look, republicans...
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Jan 15, 2013
01/13
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second question from the audience, does the debt ceiling of a practical purpose? could it be eliminated without much consequence? >> does what have? >> the debt ceiling. >> it does not really have. it has symbolic value i guess, but no other country, i believe, maybe one or two other, but no other countries in the world have this particular institution . to so everyone understands what is, the congress appropriates $100, tells the government to spend $100 on whenever and then it raises $80 in revenue through its tax code. now, the arithmetic here sort of says, you have to borrow $20. shephard -- the congress has to give a third rule. if the congress is approving spending and taxing and those two things are not equal then this kind of logically, there must be something to make up the difference which is borrowing. i am not sink's deficits and debts are a good thing, but the way to address this is by having a sensible plan for spending and a sensible plan for revenue. and make decisions about how big government should be or how small it should be. but again, as i sa
second question from the audience, does the debt ceiling of a practical purpose? could it be eliminated without much consequence? >> does what have? >> the debt ceiling. >> it does not really have. it has symbolic value i guess, but no other country, i believe, maybe one or two other, but no other countries in the world have this particular institution . to so everyone understands what is, the congress appropriates $100, tells the government to spend $100 on whenever and then...
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Jan 18, 2013
01/13
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KPIX
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. >>> on capitol hill, some top republican leaders are considering a short-term increase of the debt ceiling. >> house budget committee chairman paul ryan says they are weighing the benefits of an extension as a way to get the senate and white house engaged in future conversations. president obama as warned that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of california leaders say tuition hikes can be avoided this fall if the system gets the funding increase proposed in governor brown's budget plan. the quarter billion-dollar increase is less than that what the uc system had hoped. but it's a turnaround from years of budget cuts. the extra funding is due in part to proposition 30, the tax measure approved by california voters in november. >>> 55,000 local students will have the same class plan for part of today lessons on digital media safety. commonsense media is teaming up with the san francisco unified school district for the program. it will cover such toppers as cybe
. >>> on capitol hill, some top republican leaders are considering a short-term increase of the debt ceiling. >> house budget committee chairman paul ryan says they are weighing the benefits of an extension as a way to get the senate and white house engaged in future conversations. president obama as warned that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of...
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Jan 18, 2013
01/13
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CNBC
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obviously things like the debt ceiling and the dysfunction in washington are reasons for concern, but i think one of the factors that's underpinning the equity market is the fact that bonds rates, u.s. interest rates, it's a tired story and folks are getting very frustrated fighting bernanke. >> gordon, let me ask you what you're seeing in terms of flow. first of all, what happened at the end of the day here? i turn my eyes away from the ticker for a moment, and the market is up 53 points. what was the flow at the end of the day, and would you go into next week holding technology? is that another weak spot, do you think, next week as stephanie just pointed out that a lot of industrial names, the real economy stories, are going to start driving things? >> well, maybe. they were buying beamary little bit and beamer reports next week, too. you can't turn your head for a minute in this market. washington puts out a little blush they will start cooperating with each other, that seems to be a little bit of a catalyst. kind of gave us anni impetus foa bust. if you go back two years, 2011, bu
obviously things like the debt ceiling and the dysfunction in washington are reasons for concern, but i think one of the factors that's underpinning the equity market is the fact that bonds rates, u.s. interest rates, it's a tired story and folks are getting very frustrated fighting bernanke. >> gordon, let me ask you what you're seeing in terms of flow. first of all, what happened at the end of the day here? i turn my eyes away from the ticker for a moment, and the market is up 53...
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Jan 16, 2013
01/13
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KRCB
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will hit the so-called debt ceiling late next month. >> tom: 2012 was one for the weather record books. it was the ninth hottest year on earth, based on records going back to 1880, according to nasa. the trend of rising temperatures always brings up a debate over climate change, but it's been four years since congress tried to tackle the issue. darren gersh reports from washington. >> reporter: it was not just the united staá?:háhat sweltered through last summer. nasa confirms 2012 was one of the hottest years on record for the entire globe. 2012 was one degree warmer than normal for the 20th century, and, compared to records dating back to 1880, the globe has warmed by 1.4 degrees. nasa scientists also believe the warming trend is accelerating, just as analysts see the political will for climate change hitting new lows. but that doesn't mean the issue has gone away; it's just taking a different form. for example, the house or representatives debated relief from superstorm sandy today. energy analyst kevin book expects governments will increasingly be forced to spend moy toitigate or
will hit the so-called debt ceiling late next month. >> tom: 2012 was one for the weather record books. it was the ninth hottest year on earth, based on records going back to 1880, according to nasa. the trend of rising temperatures always brings up a debate over climate change, but it's been four years since congress tried to tackle the issue. darren gersh reports from washington. >> reporter: it was not just the united staá?:háhat sweltered through last summer. nasa confirms...
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Jan 19, 2013
01/13
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KGO
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house rinz plan to vote on a temporary increase in the debt ceiling limit. your bloomberg silicon valley closed lower. and at least seven fox con workers are dead and 20 hurt after two shuttle buses collided in central china fox con says they were transporting workers back home. and this happened in a factory that makes iphones where more than 100,000 people work. dan, carolyn, back to you. have a great weekend. >> you, too. >> heavenly mountain resort opening a giant half pipe. 450 long despite the dementions it's designed for all levels of experience. it's inside one of the three-terrain parks opening at noon. the only one right now on the south shore. >> we're going to duct tape skies to spencer's feet. >> i'd like to see that. >> yes. so that will be get meeg there. >> cold weather, not a fan and the snow. sunny, mild conditions around the bay area. this is our third straight spare the air day. it's a beautiful day. here is a live view looking down on to the bay. clear skies, you can see evidence of haze out there over the pay. in this case there is a bu
house rinz plan to vote on a temporary increase in the debt ceiling limit. your bloomberg silicon valley closed lower. and at least seven fox con workers are dead and 20 hurt after two shuttle buses collided in central china fox con says they were transporting workers back home. and this happened in a factory that makes iphones where more than 100,000 people work. dan, carolyn, back to you. have a great weekend. >> you, too. >> heavenly mountain resort opening a giant half pipe. 450...
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Jan 15, 2013
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KQED
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about the need to raise the debt ceiling and he once again said there was no way he'd negotiate with congress about something it should do anyway. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank chec
about the need to raise the debt ceiling and he once again said there was no way he'd negotiate with congress about something it should do anyway. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate...
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Jan 21, 2013
01/13
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taking the debt ceiling hostage was not rewarded, calling the obama health care plan -- which was their own only a few years earlier -- socialism was not reward withed. rewarded. that means they have to begin to rethink themselves and, importantly, democrats will not automatically embrace the same tactics in opposition. so i think that was the important change that creates a new dynamic not that's going to solve our problems. there's going to be no sitting around the campfire in washington making nice to one another. but the possibility now exists for a real effort and a successful effort to deal with our most pressing problems. >> host: two familiar washington faces, thomas mann and norm ornstein. "it's even worse than it looks." this is booktv on c-span2. >> is there a nonfiction author or book you'd like to see featured on booktv? send us an e-mail at booktv@c-span.org or tweet us at twitter.com/booktv. >> host: and now joining us again on booktv is senator rand paul. his second book, "government bullies." senator, who are the bullies? >> guest: well, all throughout your government.
taking the debt ceiling hostage was not rewarded, calling the obama health care plan -- which was their own only a few years earlier -- socialism was not reward withed. rewarded. that means they have to begin to rethink themselves and, importantly, democrats will not automatically embrace the same tactics in opposition. so i think that was the important change that creates a new dynamic not that's going to solve our problems. there's going to be no sitting around the campfire in washington...
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Jan 15, 2013
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president asks congress to raise the debt ceiling when it's within $100 billion. step two, the congress rejects that request and sends a joint resolution of disapproval back to the white house. step three, obama vetoes the resolution of disapproval. step four, congress does nothing. as long as the house and senate wait 15 days before addressing the white house veto, then the president gets his original wish and the debt ceiling automatically goes up. in other words, a redo of the fiscal cliff threatening the u.s. economy. give extremism and allow congress to basically do anything. welcome to washington. andrew, is this -- is this the way it goes now? >> i'm depressing. it is depressing are but it's also maybe the viable path forward. in terms of harm done to the u.s. economy sshgs that the best solution? >> i cannot get behind that. by the way, count get behind the platinum coin. we could draw something on a little piece of paper, and they could hand it to me. i can't get behind any of that. ultimately, we have to actually figure this out. the president has to fig
president asks congress to raise the debt ceiling when it's within $100 billion. step two, the congress rejects that request and sends a joint resolution of disapproval back to the white house. step three, obama vetoes the resolution of disapproval. step four, congress does nothing. as long as the house and senate wait 15 days before addressing the white house veto, then the president gets his original wish and the debt ceiling automatically goes up. in other words, a redo of the fiscal cliff...
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Jan 18, 2013
01/13
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debt ceiling negotiations. you have got, mark, the republicans at their retreat coming out now saying that they want to have a temporary extension, the white house saying essentially this is that same kick the can move that we have seen from lawmakers in washington, d.c. so when you look at the numbers and how the republicans have an all-time low, the president is higher than he's been in his first term as far as approval. how do we jive that in again with this latest battle? we kind of see where the american people sides with likability and doesn't break the stalemates with house republicans. >> it doesn't but, tamron, i think today's development at the very short term is a significant break. president obama talking about breaking the quote/unquote fever of republicans and looking at what they have proposed is taking the battle away from the debt ceiling and moving it to having the senate duke it out over the budget process. of course, this means we will have another budget fiscal fight ahead but instead of it
debt ceiling negotiations. you have got, mark, the republicans at their retreat coming out now saying that they want to have a temporary extension, the white house saying essentially this is that same kick the can move that we have seen from lawmakers in washington, d.c. so when you look at the numbers and how the republicans have an all-time low, the president is higher than he's been in his first term as far as approval. how do we jive that in again with this latest battle? we kind of see...
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Jan 15, 2013
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second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area. no other country, i believe, have this particular institution. just so everybody understands what it is, the congress appropriate $100, tells the government to spend $100 on whatever. then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way to address it is to have a sensible plan for spending and revenue. make decisions about helping the government should be or how small it should be. again, this sort sort of like a family saying, well, we are spending too much, let's stop paying our credit card bills. that is no
second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area. no other country, i believe, have this particular institution. just so everybody understands what it is, the congress appropriate $100, tells the government to spend $100 on whatever. then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to...
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Jan 23, 2013
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. >> what we support is a long-term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses the simple proposition that pays its bills >> reporter: also on the president's radar in the next four years- comprehensive immigration reform. and in the aftermath of the in washington, i'm tory >> pam: beyonce.lip syncing the star spangled banner it could be perhaps because of the freezing cold temperatures and yesterday during the inauguration. >> jacqueline: hous and cooler temperatur. for the sierras, this is not going to permit much cold air but we're going to see rainfall at the highest elevations. dry conditions on thursday, friday but there's a chance for more rain this weekend. a look at your extended forecast and dry on thursday. the chance for showers it just a 30 percent chance. 40 percent chance on friday, the computer models are not quite in agreement of what could happen but we will keep you posted as we get closer. this dog in chicago learned just how dangerous winter weather can be. heroic dog up for adoption step aside, lassie. this two-year-old malti
. >> what we support is a long-term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses the simple proposition that pays its bills >> reporter: also on the president's radar in the next four years- comprehensive immigration reform. and in the aftermath of the in washington, i'm tory >> pam: beyonce.lip syncing the star spangled banner it could be perhaps because of the freezing cold temperatures and yesterday during the inauguration....
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Jan 15, 2013
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FBC
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i know that the president of the united states voted six years ago against raising the debt ceiling. connell: are they to gather on it? speaker boehner, we cut a deal, but he does not have the votes to do it. are there more together than we think? >> they tend to bring the caucus around a central focus. obviously, the debt ceiling is important. you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house. it used to be pay-as-you-go. connell: times have changed. dylan glenn, thanks a lot. dagen: is lawmakers screw up or interest rates going up? peter hayes oversees more than $100 billion in assets. good of you to be here. they mess up on raising the debt ceiling, do you think interest rates will shoot up or what can we expect in terms of that market? >> expect volatility. the bottom line is you will see volatility. the longer we go and connell talked about some of the issues in washington, how you get there, missing payments and so forth. it will get messy. they seem to react only when their backs are
i know that the president of the united states voted six years ago against raising the debt ceiling. connell: are they to gather on it? speaker boehner, we cut a deal, but he does not have the votes to do it. are there more together than we think? >> they tend to bring the caucus around a central focus. obviously, the debt ceiling is important. you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house....
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Jan 20, 2013
01/13
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FOXNEWS
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so what the debt ceiling is all about. basically congress has not done and congress and president has not done anything. i am not talking about anything. over the next 75 years, 70% of deficit spending is going to come from medicare programs alone, social security and medicare are the biggest part of the debt. the reason they are known as third rail of politics because if you touch them you are committing political suicide. george bush tried it and he was shut down. no lawmakers want to cut into medicare and social security because they would basically get voted out of office. that is what is interesting about this poll basically. you have all these americans and government spending is you on will krof, what we need to do is deal with entitlements, deal with social security and medicare that are going otherwise we're going broke. they say don't cut my social security. don't cut my medicare. that is the issue here. >> arthel: brenda, as a business expert, would you if you were going into books and looking at those systems,
so what the debt ceiling is all about. basically congress has not done and congress and president has not done anything. i am not talking about anything. over the next 75 years, 70% of deficit spending is going to come from medicare programs alone, social security and medicare are the biggest part of the debt. the reason they are known as third rail of politics because if you touch them you are committing political suicide. george bush tried it and he was shut down. no lawmakers want to cut...
SFGTV: San Francisco Government Television
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Jan 22, 2013
01/13
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SFGTV
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the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take effect on january 1 prevented cats to all discretionary funding programs. the highway trust fund that primarily funds the highway and transit account is protected, would not have been subjected to the sequestration got. the new starts funding programs, new source of funding for the central suburb project, we are keeping a close eye on that because there is a potential cut to the program. we are also keeping an i on the continuing resolution for the federal appropriations level. in october. in october 1, there was a six-month continuing resolution of the federal appropriation bill which expires at the
the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take...
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Jan 16, 2013
01/13
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CNBC
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eye 140
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we're now past that and the debt ceiling is nowhere near as interesting to most of the consumers or business people at this stage so i think we'll probably move back to some normal slow recovery that will be methodical and take us to a very slightly better 2013 than 2012. >> how do you offset then the continued pressure on margins and, i mean, how long will the mortgage refinance continue to provide the growth there? >> yeah. so a bank like out, one of the reasons we do very well and enjoy a diversity of earnings is we have a large payments business and large corporate trust business so unlike some of our peers we're not wholly reliant on the balance sheet or on loan making. have great deposits and make good loans and have other alternatives, so for our company it's not quite as essential that the loan volume is as important as it might be in the future. i do see it to be a slow methodical progress towards refis moving down as rates go up, new purchase going into the replacement category, but i'll also tell you i don't think we'll see a big change in the next year. mortgage will stay strong
we're now past that and the debt ceiling is nowhere near as interesting to most of the consumers or business people at this stage so i think we'll probably move back to some normal slow recovery that will be methodical and take us to a very slightly better 2013 than 2012. >> how do you offset then the continued pressure on margins and, i mean, how long will the mortgage refinance continue to provide the growth there? >> yeah. so a bank like out, one of the reasons we do very well...
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Jan 15, 2013
01/13
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KRCB
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but at least lengthy cease-fire on debt ceilings and all these i tin rat fiscal dramas. if the president were able to move in those directions, get all three of those on the board, because that is about the window he has, second term presidency really begins to expire after two and a half years, maybe sometime sooner, that would be historic. >> rose: do you agree with that, al? >> i do. i'm very skeptical that it ain't going to happen in tax reform. i saw the '85, '86 tax act. almost none of the ingredients that existed then for that very difficult task exists today. i'm-- i think there was people on both sides who like to see it i am a very dubious. i think immigration is going to happen. and guns is a toss up right now but major is absolutely right. that winnow is those first two years and i think the present knows that. the st part of his first, secretary term will be probably foreign policy essentially. >> rose: al hunt, major garrett, thank you very much. >> thank you. >> rose: we'll be right back with the foreign minister of pakistan. stay with us. hina rabbani qha
but at least lengthy cease-fire on debt ceilings and all these i tin rat fiscal dramas. if the president were able to move in those directions, get all three of those on the board, because that is about the window he has, second term presidency really begins to expire after two and a half years, maybe sometime sooner, that would be historic. >> rose: do you agree with that, al? >> i do. i'm very skeptical that it ain't going to happen in tax reform. i saw the '85, '86 tax act....
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Jan 19, 2013
01/13
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MSNBC
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i will not negotiate around the debt ceiling. we're not going to play the same game that we saw happen in 2011. so we're not going to do that. i will not negotiate around the debt ceiling. we're not going to do that again. as i said earlier this week, one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. what i will not do is to have that negotiation with a gun at the head of the american people. that's not how we're going to do it this time. >> this evolution in the president's strategy for dealing with republicans and recognizing their strategy against him and knowing what he can and cannot expect to get out of them. on the last business day of his first term, it paid off today. and them giving up their demand that he needed to negotiate with them on the debt ceiling. today they recognized that they were not going to get that. and today the republicans caved. and the vix was very happy. at this point, the republicans are still trying to hand contingencies on thi
i will not negotiate around the debt ceiling. we're not going to play the same game that we saw happen in 2011. so we're not going to do that. i will not negotiate around the debt ceiling. we're not going to do that again. as i said earlier this week, one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. what i will not do is to have that negotiation with a gun at the head of the american people. that's not how we're going to do...
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Jan 21, 2013
01/13
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KCSM
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they tried to force the issue using the debt ceiling in 2011, using the fiscal cliff in january. i am as gung-ho as any of them to force obama into cutting spending. but it failed, and the reason is, you cannot govern from one house of the congress. that is the truth. i wrote a column this morning saying essentially, you have to recognize, you cannot use these things come up as in the end, you will have to cave. you will be humiliated and our ratings will be low, as you indicated, and you will not get the spending cuts anyway. certainly, i do not think the republican house will want to go over the cliff. >> the president of the united states has gone from dealing with the big problem that faces the whole country to try to destroy the republican party. this is exactly what the public does not want. we are turning into small, petty brinksmanship. let's see if we can crush the republican party. he has given up on the larger and more n >> i am not going to say who was right or wrong in the negotiations but the reason that this grand bargain has twice fallen through is that john boehn
they tried to force the issue using the debt ceiling in 2011, using the fiscal cliff in january. i am as gung-ho as any of them to force obama into cutting spending. but it failed, and the reason is, you cannot govern from one house of the congress. that is the truth. i wrote a column this morning saying essentially, you have to recognize, you cannot use these things come up as in the end, you will have to cave. you will be humiliated and our ratings will be low, as you indicated, and you will...
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Jan 15, 2013
01/13
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KGO
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eye 146
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he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby panda high five that >> on the 4th anniversary of the miracle on the hudson, "sully" sullenberger joins katie couric for a great day and reunited with the passengers he saved in the incredible emergency landing on new's hudson river. >> of all people to be piloting that day, thank god, sully, it was you. sometimes i get on a plane and i am like, sully? anybody named sully on this plane? >> i appreciate that. when i travel as a passenger i have people recognize me and they say i feel better knowing you are here. >> we feel the same way, too. that is katie at 3:00 and you can hear more right here on abc7. on abc7 news at 4:00, a hand's on lesson, h
he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby panda high five that >> on...
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49
Jan 17, 2013
01/13
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FBC
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do the same for the debt ceiling. put young children saying president obamaments to continue to borrow trillion dollars a year. it's a two sided coins that they can learn from. >> the interesting thing, neil, about this is when you talk about the kids, we're talking about, you know, of course, the people of five and six years old or 10 or 15 years old, but don't forget, neil, there's generations not born yet. neil: absolutely. >> still the gleam in the eye; right? that's another point to make. i want to touch on something you were just asking charlie about. you know, one interesting thing about the policies of this president, when you think about it, and you think about the demographic groups the president won, young people, women, hispanics, blacks, young blacks, those, if you look at the official statistics, those are the very groups most victimized by the policies in terms of high unemployment and falling incomes. that's ironic as well. neil: i look, and, you know, i guess i could have critics if they didn't like t
do the same for the debt ceiling. put young children saying president obamaments to continue to borrow trillion dollars a year. it's a two sided coins that they can learn from. >> the interesting thing, neil, about this is when you talk about the kids, we're talking about, you know, of course, the people of five and six years old or 10 or 15 years old, but don't forget, neil, there's generations not born yet. neil: absolutely. >> still the gleam in the eye; right? that's another...
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Jan 18, 2013
01/13
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CSPAN2
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both sides seem locked in -- the president said i'm not going talk about the debt ceiling. speaker boehner said it can't be done unless we cut spending at the same time. so having watched this for more than thirty years of congress, what are the outside of actually avoiding going over the cliff given where both parties are? >> i think the odds are that we won't do it. [inaudible] as a mart of faith and consequence. those who say let's toy with it. they are toying with the american economy and they are toying with the global economy. and so i think it's somewhat -- it seems great to talk about doing that. but the closer you get to that cliff, i think the less likely it is that you'll -- [inaudible] >> let me ask one more and go to rick. let me ask about tax reform. you told "politico" last week that a balanced approach to replacing the sequester was spending cut and revenue. should accelerate tax reform. i believe it's fully possible this year if we work on a bipartisan basis. unquote. how does that square with the people that say tax reform is going to lose out because of s
both sides seem locked in -- the president said i'm not going talk about the debt ceiling. speaker boehner said it can't be done unless we cut spending at the same time. so having watched this for more than thirty years of congress, what are the outside of actually avoiding going over the cliff given where both parties are? >> i think the odds are that we won't do it. [inaudible] as a mart of faith and consequence. those who say let's toy with it. they are toying with the american economy...
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Jan 21, 2013
01/13
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CNNW
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is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly, they're things that the american people care about. with that momentum going forward, we'll try to tackle them. >> joaquin, nice to have you with us. we appreciate it. have a great afternoon and great day. let's bring in jeff toobin, who is right over here. i want to show people how close we are to the capitol. jeff, if you look up here, this is the perfect view to watch the president being sworn in. >> it really is great. one of the things you don't realize is how close they are together. it is a very ipt mat scene up there. the chief justice of the united states, as famous and powerful as he is, he's not us
is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly,...
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Jan 19, 2013
01/13
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CNBC
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no debt ceiling default. okay. but mark, the problem i have is they refuse to talk about the across-the-board automatic spending cuts in the so-called sequester. it's about 80, $100 billion this year and $1.2 trillion over ten years. to me that is their biggest mistake. that is already the law. the democrats are trying to hedge on it. the president has already said it's not going to happen. this is where the republicans should go. and they won't go there. and that's why i doubt their bona fides on spending. >> you have to first of all as i said before get across that spending levels are stoo high. keith, you would agree with that, right? >> no. >> see what i mean? they're too high. >> perfect. right. >> you think this level is appropriate. 25% gdp. >> you're talking about gdp to spending -- >> yeah. >> yeah, that is too high. but that's not because we're spending too much. it's because our revenues aren't -- the reason our revenues is r. in decline is we're in a very weak recovery. we got out of the worst resgs --
no debt ceiling default. okay. but mark, the problem i have is they refuse to talk about the across-the-board automatic spending cuts in the so-called sequester. it's about 80, $100 billion this year and $1.2 trillion over ten years. to me that is their biggest mistake. that is already the law. the democrats are trying to hedge on it. the president has already said it's not going to happen. this is where the republicans should go. and they won't go there. and that's why i doubt their bona fides...
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467
Jan 19, 2013
01/13
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KNTV
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eye 467
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ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing stand tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expec
ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th...
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90
Jan 19, 2013
01/13
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WETA
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eye 90
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they tried to force the issue using the debt ceiling in 2011 and using the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending in a government -- the government is spending us into penury. but it failed. the reason is, you cannot govern from one house of congress. that is the lesson. that is the truth. i wrote a column this morning saying, you have to recognize you cannot use these things because in the and you will have to cave. will be humiliated, your ratings will be low, as mark indicated, and you will not get the spending cuts anyways. realism has certainly taken over republican leadership, and i do not think that the republican house is going to want to go over the cliff. >> look and what has happened. the president has gone from dealing with the big problem that faces the whole country, to trying to destroy the republican party. is exactly what the public does not want. that is what is happening. we are turning into small, petty brinksmanship. let's see if we could crush the republican party. he has given up on a larger and more noble
they tried to force the issue using the debt ceiling in 2011 and using the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending in a government -- the government is spending us into penury. but it failed. the reason is, you cannot govern from one house of congress. that is the lesson. that is the truth. i wrote a column this morning saying, you have to recognize you cannot use these things because in the and you will have to cave. will be humiliated,...
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Jan 23, 2013
01/13
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CSPAN2
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eye 74
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ceiling the guided republicans in the last two years or decades and every system that flags for me. i think it's not republicans that are looking for relatives. i think his washington as a whole looking for relevance. we're running trillion dollars deficit is and would be the fifth straight year. the reality is s&p's downgraded. midis has sent the notice and we are still at the nsa's it's still 1995 where we are running dollars deficit. i hope it's not the case, but in the meantime all these games trying to figure out we frequent the, america's sunday aaa -- worthy of aaa rating. that's the serious reality. i hope that doesn't happen, but i don't know how but we can continue to go on. i don't think we have 10 years to somehow find a path to balance. we need to move my quick read. our mission to assessed the question, is very ten-year balanced-budget proposal in their and i don't know the answer. we don't have the numbers from the cbo, but our leadership has to have committed to that, different answers from different leaders, privately and publicly. if you want to balance in 10 years
ceiling the guided republicans in the last two years or decades and every system that flags for me. i think it's not republicans that are looking for relatives. i think his washington as a whole looking for relevance. we're running trillion dollars deficit is and would be the fifth straight year. the reality is s&p's downgraded. midis has sent the notice and we are still at the nsa's it's still 1995 where we are running dollars deficit. i hope it's not the case, but in the meantime all...
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Jan 15, 2013
01/13
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KQED
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the debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> brown: the 2011 stand-off between the president and republicans over the debt ceiling led the nation to the bryning of national default. standard and poors even lowered its rating on u.s. government bonds. today, president obama said any repeat performance would be, quote, irresponsible. >> if the goal is to make sure that we are being responsible about our debt and our deficit, if that's the conversation we're having, i'm happy to have that conversation. what i will not do is to have that negotiation with a gun at the head of the american people. >> brown: at the same time, the president rejected urgings by some democrats that he raised the debt ceiling on his own authority. republicans were quick to answer the chief executive's criticism. senate minority leader m
the debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> brown: the 2011 stand-off between the president and republicans over the debt ceiling led the nation to the bryning of national default. standard and poors even lowered its rating on u.s. government...
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Jan 22, 2013
01/13
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CSPAN
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senate to finally pass ar budget in order to increase our debt ceiling. the time is now. the senate has to act. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute and address the r one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. for one minute. >> mr. speaker, on january 28, 1986, the space shuttle challenger broke apart 73 seconds after launch. the whole world cried watching challenger tumble back to earth knowing that seven brave americans had lost their lives. mr. olson: commander dick scobee, michael smith, mission specialist judy rzeznik, mission specialist rob income mayor in, mission specialist -- mcnair, mission specialist, helm specialist greg jarvis and america's first and only teacher into space, chris at that, all perished pursuing our dreams. the night of the disaster president reagan put our thoughts, our pain and our prayers into words. he
senate to finally pass ar budget in order to increase our debt ceiling. the time is now. the senate has to act. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute and address the r one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. for one minute. >> mr. speaker, on...
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261
Jan 20, 2013
01/13
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FOXNEWS
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eye 261
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. >> years of spending added up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our
. >> years of spending added up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s....
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Jan 22, 2013
01/13
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WBFF
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the first couple enjoyed including the debt ceiling, r gun connrol and immigratioo reffrm..--rene on camera tag-- the first white house riefing will happee today at 11:30 a.m. with ress secretaay jay carney. congress gets back to work todaa as well. &p1) so what haapens now to michelle obama's inaugural president's schedull on hii pirst official day back to work? p, that brings us to that brings us to our question oo the day.do you belieee you're better off now than you we'll take your calls in our 7 o'clock hour. you can also go to us what you think... sound off throuuh facebook or send ussa tweet.. at foxbaltimoor. cominn up... sttll trying to fulfill hat new years resolutioo offggtting into shape? consumer reports put some exercise products... to the test. &p ww'll show you the that bikini shhped body... next.you're watching foxx45 [ female announcer ] we invited women to see the not so pretty truth about their body washes. i wouldn't change. [ female announcer ] this test paper was designed to react like your skin. if other body washes can strip this paper, imagine how h
the first couple enjoyed including the debt ceiling, r gun connrol and immigratioo reffrm..--rene on camera tag-- the first white house riefing will happee today at 11:30 a.m. with ress secretaay jay carney. congress gets back to work todaa as well. &p1) so what haapens now to michelle obama's inaugural president's schedull on hii pirst official day back to work? p, that brings us to that brings us to our question oo the day.do you belieee you're better off now than you we'll take your...
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139
Jan 15, 2013
01/13
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CNBC
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eye 139
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over the debt ceiling standoff. wall street bracing for that much anticipated announcement out of facebook in menlo park. is that going to keep the rally going or signify a peak? we're back in a minute. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to "squawk on the street." we are about six seconds away from november business inventories. and i doubt if it's going to rattle the cage of the markets, but it will help us fine-tune what will come out shortly at the end of the month. gdp fourth quarter up .3 of 1% on november. business inventories matching expectations with a very subtle revision to october. originally released up .4, now sits up .3 as well. we see a little gain in the equities. i don't know
over the debt ceiling standoff. wall street bracing for that much anticipated announcement out of facebook in menlo park. is that going to keep the rally going or signify a peak? we're back in a minute. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male...
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Jan 22, 2013
01/13
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KPIX
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eye 154
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. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a woman has the right to abort a pregnancy setting off a national debate. today a pro choice group will hold a rally and walk in los altos, a demonstration against female enslavement at
. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an...
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Jan 22, 2013
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. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit vote is either chamber of congress fails to pass it, the members will not get paid till they either pass a budget or until the 113th congress expires at the end of 2014. >>> the big question for football fans around here is, are you going to the super bowl? >> for most, the answer to that question is no. cbs 5 reporter cate cauguiran has
. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more...